Because ET is 99% filled with gay permabear boomers who think that fundamentals matter in the middle of a bubble. Then you have the retards that claim squiggly lines on a chart are the only thing you need to know but they don't tell you they have been trading 100 shares for their 20 year day trading career and still don't have net worth > 1M USD. At least WSB is self aware that they are retarded.
Best summary I've read on a long time. I literally just bought this this cause it's funny and cause today is the first day where I'm green on my GME short. There's a lot we can learn from wsb - if deepfuckingvalue would have posted his screenshot here - everyone would have jumped on him asking for his audited broker statements to begin with. I'm too old for yolo and the lingo on wsb but in general those guys have much bigger balls than I ever will - respect is all I can say.
The only problem is most of those cats only have balls because they have absolutely no idea how to measure risk, no concept of bet sizing, etc...WSB had some smart cats in it back in the day (and still some), but it has quadrupled in size in the past 2 fucking weeks...the vast majority of new members just started trading at that time. I am absolutely guilty of those criticisms myself to a great degree but IMO today in WSB I am seeing more ignorance and inexperience than balls...now denial and refusal to admit they are holding a bad hand. Balls are when you understand the risk and the pain of failure and what it feels like to cut free at a loss but proceed forward into the trade anyway.
Exactly. These career congressionals have hundreds of millions of dollars in net worth on a 6 figure annual salary. Does anybody really think Nancy Pelosi or Maxine Waters are undercover elite market traders.